Business

The Securities and Exchange Commission (SEC) has approved the P10-billion preferred shares offering of DoubleDragon (DD) Properties Corp., the proceeds of which will mainly fund real estate development projects this year. 

By Riza Lozada Local lender Security Bank Corp. (SEBC) and the Bank of Tokyo-Mitsubishi UFJ Ltd. (BTMU) completed the strategic partnership deal signed on Jan. 14, resulting in P36.9 billion in fresh cash infusions into SECB.

Gabriel C. Singson, one of the most amiable governors of the Bangko Sentral ng Pilipinas (BSP), died on Mar. 29 at the age of 87.

Rural banks (RBs) are fast disappearing, based on the Rural Bankers’ Association of the Philippines (RBAP) latest count, which showed that, within the last nine months, 23 small banks have closed shop, mainly as a result of stricter capitalization rules imposed by the Bangko Sentral ng Pilipinas (BSP).

Victoria International Container Terminal Limited (Vict) recently opened its second annual Community Investment Fund grants program, inviting local non-profit community organizations to apply for grants of up to $20,000.

Pure Water Corporation (PWC) has committed to adhere to the sixth of the series of Sustainable Development Goals (SDG6) of the United Nations (UN) to ensure access to water and sanitation for all, and improve national economy and mitigate climate change, in commemoration of World Water Day.

More than 100 young student-engineers from all over the world recently participated in the Shell Eco-Marathon (SEM) Asia 2016, an annual competition that challenges students to put their self-built, fuel-efficient vehicles to the test on a specially designed street circuit.

The Caltex Fuel Your School (CFYS) project was recognized again for helping teach science, technology, engineering and math (STEM) subjects to 103,000 students and aiding 600 educators from the most needy senior public high schools in Metro Manila. 

Cebuana Lhuillier recently started its most extensive effort yet to improve the quality and availability of financial services in the country and aid in increasing the number of financially included Filipinos by the end of 2016.

By Jerry Maglunog Flag carrier Philippine Airlines (PAL) will add at least 20 more local and international destinations this year, which began with the Cebu-Los Angeles flight on Mar. 15.